3601 Overland Ave, Los Angeles, CA 90034
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3601 Overland Ave Los Angeles, CA 90034

$2,900,000
  • -- Beds
  • -- Baths
  • 4,437 Sq.Ft.
Pending
$2,900,000 Get Pre-Qualified

Map preview of 3601 Overland Ave, Los Angeles, CA 90034

Property Overview: 3601 Overland Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 4,437 living square feet and 9,970 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: HUGE PRICE REDUCTION! HIGHLY MOTIVATED SELLERS! Land development opportunity / existing building on a signaled corner location surrounded by explosive growth in the Palms neighborhood of West Los Angeles. Owner / User has operated site as a restaurant continuously for the last 50 years, and is now closed. The potential for this property as based on its flexible C2-1 zoning ranges from continuing with it's most current use, or as a variety of other commercial operations. It's Highest & Best Use would be as a mixed-use development of up to 40 residential units coupled with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. This is a Trust Sale with no court confirmation required.

Listed by Merrill Leeds | BRE #01309039 | Merrill Paul Leeds, Broker
Last checked: 11 seconds ago | Last updated: October 28th, 2023 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
9,970
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Other
Status
Pending
MLS#
23291576
City
Los Angeles
County
Los Angeles
Time on Site
362 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3601 Overland Ave

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Corner Lot, Value In Land, Over 40 Units/Acre, Near Public Transit, Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 4252033027
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 2 blocks north of Venice Blvd at the NW corner of Overland Ave at Charnock Rd.
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Sale History for 3601 Overland Ave

Last sold for $2,500,000 on November 9th, 2023
  • November, 2023

  • Nov 9, 2023

    Date

    Sold

    CRMLS: 23290785

    $2,500,000

    Price

  • Jul 14, 2023

    Date

    Active

    CRMLS: 23290785

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION! HIGHLY MOTIVATED TRUST SELLERS! Presenting an outstanding investment opportunity in a prime Palms location on a signaled corner lot! Surrounded by explosive growth and coupled with flexible C2-1 zoning, the possibilities for this property range from continuing with it's historical use as retail, or as a variety of other commercial operations. As a redevelopment strategy, it's "Highest & Best" would be as a mixed-use project of up to 40 residential units with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. Operated by the same owner / User as a restaurant continuously for the last 50 years, the business is now closed and will be delivered vacant. This is a Trust Sale with no court confirmation required.

  • October, 2023

  • Oct 28, 2023

    Date

    Pending

    CRMLS: 23291576

    $2,900,000

    Price

  • Jul 18, 2023

    Date

    Active

    CRMLS: 23291576

    $4,000,000

    Price

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Tax History for 3601 Overland Ave

Assessed Value (2020): $241,097
Year Land Value Improved Value Assessed Value
2020 $166,924 $74,173 $241,097

Home Value Compared to the Market

This property vs the competition

3601 Overland Ave is listed 141.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $653.59 per/sqft which puts the price per square foot 15.45% lower than the median price per square foot for the city of Los Angeles.

About 3601 Overland Ave

Detailed summary of property

3601 Overland Ave is a other located in Los Angeles, CA 90034 and is currently in escrow to be sold. This property offers -- bedrooms, -- bathrooms, roughly 4,437 living square feet, and sits on an approximately 9,970 square foot lot. 3601 Overland Ave was first listed on ArdentRealEstateGroup.com on July 18, 2023. The homeowner is currently asking $2,900,000 and was originally asking $4,000,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 141.67% higher than the median priced home. Local competing homes currently for sale include 1303 N Citrus Ave, 911 Seward St and 1471 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 101 days, 3601 Overland Ave has a days on market of 23 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 3601 Overland Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3601 Overland Ave

Public county record property details
Beds
--
Baths
--
Year built
1931
Sq. Ft.
4,437
Lot Size
9,970
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
4252-033-027

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,699,000
Median List Price/Sq.Ft.
$898
Median Sold Price
$1,895,000
Median Sold Price/Sq.Ft.
$1,003
Total Inventory
56
Median Sale to List Price %
111.54%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

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Related Resources to 3601 Overland Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.